10 Stocks That Will Make You Rich In 3 Years

7. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 86

Analysts Upside Potential: 25.76% 

ASML Holding N.V. (NASDAQ:ASML) is a multinational technology company that specializes in semiconductor equipment technology. Its core businesses include Lithography Systems, Deep Ultraviolet (DUV) Lithography, Metrology and Inspection Systems, Computational Lithography and Software, and support and upgrade of these systems. The company’s technologies are critical for the semiconductor industry as they enable the production of microchips.

On April 22, Bank of America Securities analyst Didier Scemama maintained a Buy rating on the stock with a price target of €759. The management noted that the company has demonstrated significant pricing power, which has allowed it to manage the tariff-related costs. Moreover, the analyst also finds ASML Holding’s N.V. (NASDAQ:ASML) valuation appealing, supported by a favourable EV/EBITDA ratio compared to its historic statistics. Didier Scemama also highlighted that the company is already fully booked for EUV and DUV lithography systems. ASML Holding N.V. (NASDAQ:ASML) is one of the 10 stocks that will make you rich in 3 years.

Generation Global Equity Strategy stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q4 2024 investor letter:

“ASML Holding N.V. (NASDAQ:ASML), a Dutch company and a recent addition to our portfolio, is a critical enabler of the semiconductor industry. They provide advanced lithography equipment, which is essential for producing semiconductors. As demand for chips accelerates – driven by AI, electrification and broader applications across the economy – ASML stands to benefit significantly.

ASML operates in a near-monopolistic position in lithography machines, thanks to decades of engineering expertise and innovation. Over the past five years, the company has grown revenues at 20% annually. We expect the company’s revenue growth to moderate but continue to grow strongly, in line with the semiconductor industry. Margins are likely to expand over time, underscoring ASML’s high quality and earnings potential.

There are risks. Short-term volatility in orders, and geopolitical trade restrictions, could affect growth. Over the long term, disruptive innovation outside of lithography poses a challenge, though we believe ASML’s position is secure. We therefore find the valuation of the company attractive. We are confident in its ability to compound value over the coming years.”